Overview

Company Name: Parametric
Job Title: Compliance Associate

Job Description: Parametric, headquartered in Seattle, WA, is a leading global asset management firm providing systematic, rules-based investment strategies and customized exposure management to institutions and individual investors around the world. We take an engineer’s approach to asset management – mathematical, pragmatic and testable. Parametric portfolio managers act as investment “engineers,” creating portfolios with explicit risk and return targets and continually measuring and managing the impact of relevant costs. Our approaches are, at their roots, quantitative and rules-based. They evolve slowly, as they don’t require repeated tactical insights into valuations or market direction. Parametric is a majority-owned subsidiary of Eaton Vance Corp. and offers these capabilities through investment centers in Seattle, WA, Minneapolis, MN and Westport, CT.

GENERAL DESCRIPTION

The Compliance Associate performs compliance related functions for an SEC registered Investment Adviser and NFA member.

PRIMARY RESPONSIBILITIES

Serve as Parametric’s Compliance Associate and liaison reporting to Parametric’s Deputy Chief Compliance Officer (Minneapolis/Westport).

Work closely with the Deputy CCO, CCO, Compliance Group (including the Seattle group members), senior management, and internal clients/colleagues to facilitate work and accomplish objectives in a collaborative effort

Maintain a thorough and up-to-date understanding of regulations (e.g. SEC, CFTC, NFA, ERISA, state, foreign) governing Parametric Minneapolis’ business through ongoing education and involvement with industry groups.

Monitor regulatory changes and revise current compliance procedures and/or draft new compliance procedures as deemed advisable.

Continually identify ways to create, enhance, maintain and test compliance rules contained within the firm’s proprietary investment management system.

Audit the administrative set-up of clients in IMS to ensure that IMS is enforcing the compliance related business rules as designed into the system.

Perform compliance testing, record results and prepare reports.

Draft a variety of certificates, documents, questionnaires, procedures and letters relating to firm and client compliance.

Prepare forms for regulatory and firm reporting and filings

Research issues and questions as necessary to provide compliant and reliable advice and direction to senior management and staff on all issues concerning compliance policies, rules, regulations and procedures affecting the firm.

Identify affected policies and procedures and work with the applicable departments to revise, document and implement revisions.

Responsible for quarterly updates and reviews of sales/marketing materials, including fact sheets, presentations, sales kits, and questionnaires using a variety of data sources and software.

Ensure that white papers, website and other advertising/marketing/publications are adequately sourced and include the appropriate disclosures.

Check compliance forms, spreadsheets, performance data and financial illustrations for accuracy and detail.

Provide and support compliance training program.
Interact with and assist Compliance Group on major projects and schedules.

Conduct compliance testing and prepare periodic written reports.

Ensure that client guidelines are programmed in and complied with by the portfolio management and trading teams.

Perform administrative duties as necessary.

JOB REQUIREMENTS

Bachelor’s degree

Regulatory or SRO experience with Commodity Futures Trading Commission (CFTC),

National Futures Association (NFA), SEC, or FINRA a major plus.

3 – 5 years of Compliance or regulatory experience required (will consider audit or similar operational experience in financial services); background in Institutional client lines preferred

Knowledge of the SEC disclosures and securities law, especially the Investment Advisers

Act of 1940 and the Investment Company Act of 1940.

Ability to utilize existing knowledge or quickly acquire knowledge of CFTC, NFA regulations effecting Commodity Trading Advisors (CTAs) or Commodity Pool Operators (CPOs).

Working knowledge of on-site compliance testing for SEC Rules 206(4)-7 and 38a-1.

Demonstrated ability to maintain confidentiality of sensitive information

Understanding of marketing and sales material review guidelines, anti-money laundering regulations, and compliance risk management assessments for institutional and ERISA clients.

Ability to identify and analyze the complex regulatory issues and their effect on the firm’s business.

Demonstrated ability to work effectively with a wide variety of individuals throughout organization, including senior management and investment professionals.

Intuitive, energetic, and self-motivated with a high bias for action.

Excellent writing and research skills

Excellent organizational skills

Computer skills including MS Office, Outlook and Excel

 


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